Larsen Company manufactures car seats in its Houston plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon to view information about Larsen Company's process-costing system.) Data for the assembly department for October 2017 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted-average cost per equivalent unit data and total costs accounted for.) Read the requirements. - X Reference X Requirements Direct Conversion rst co Materials Costs Costs incurred to date $ 5,517,600 $ 24,200 2,555 280 23,880 Divide by equivalent units of work done to date S 228 $ 108 Cost per equivalent unit for work done to date 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. 2. For each cost category, summarize total assembly department costs for October 2017 and calculate the cost per equivalent unit. 3. Assign total costs to units completed and transferred out and to units in ending work in process. 4. Explain any difference between the cost per equivalent unit in the assembly department under the weighted-average method and the FIFO method. 5. Should Larsen's managers choose the weighted-average method or the FIFO method? Explain briefly. Total Conversion Direct Materials Production Costs Costs Completed and transferred out S 7.224.000 $ 848,880 4,902,000 S 615,600 2,322,000 233,280 Work in process, ending S 8,072,880 $ 5,517,600 S 2,555,280 Total costs accounted for Print Done Print Done st per equivalent unit Choose from any list or enter any number in the input fields and then click Check Answer. Heln Me Salve This Text Pages Get More Heln Clear All Check Answer Larsen Company manufactures car seats in its Houston plant. Each car seat passes through the assembly department and the testing department. This problern focuses on the assembly department (Click the icon to view Information about Larsen Company's process-casting system.) Data for the assembly department for October 2017 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted average cost per equivalent unit data and total costs accounted for.) Read the requirements 24,200 To account for Completed and transferred out during current period: From beginning work in process 5,200 D 1.820 Started and completed 16,300' 16,300 16,300 2,700 Work in process, ending 2,160 24.200 Accounted for 19,000 20.280 Equivalent units of work done in current period only Requirement 2. For each cost category. summarize total assembly department costs for October 2017 and calculate the cost per equivalent unit Bogin by summarizing the total costs to account for. 2,700 Total Direct Materials Conversion Costs Production Costs Total costs to account for Choose from any list or enter any number in the input fields and then click Check Answer. Help Me Solve This e Text Pages Get More Help Clear All Check Answer Larsen Company manufactures car seats in its Houston plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon to view information about Larsen Company's process-costing system.) Data for the assembly department for October 2017 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted-average cost per equivalent unit data and total costs accounted for.) Read the requirements. Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. (For amounts with a 0 balance, make sure to enter "0" in the appropriate cell.) - X - X Data Table More Info Work Start To a The process-costing system at Larsen Company has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly department finishes work on each car seat, it is immediately transferred to testing. Larsen Company uses the FIFO method of process costing. 19.000 Com Physical Units Direct Conversion (Car Seats) Materials Costs Work in process, October 18 5.200 $1,432,600 $527.280 Started during October 2017 Completed during October 2017 21,500 Work in process, October 31b 2.700 Total costs added during October 2017 $4,085,000 $2,028.000 Degree of completion direct materials, ?%, conversion costs, 65% Degree of completion direct materials, 2% conversion costs, B0%. F S Work Print Done Acco Equid Requirement 2. For each cost category. summarize total assembly department costs for October 2017 and calcul , Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Heln MA Solve This Text Pages Get More Heln Clear All Check